Volumes set to 'fall off a cliff' as US firms hit the brakes on sourcing and bookings
Cargo owners should brace for a “cliff event” similar to the turmoil in the early ...
© Wangkun Jia
US rail operator CSX has rebounded after a dismal fourth quarter, with revenue climbing and volumes remaining steady.
The performance will likely buoy the rail operator, which in December announced the shock death of its chief, Hunter Harrison.
Intermodal revenue for the first three months of 2018 climbed 3% year on year to $449m, with revenue per unit also up 3%, and while volumes remained flat, chief executive James Foote said this indicated new business.
“We started to transition from the hub-and-spoke model in intermodal, closing lanes ...
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